they are buying mortgage-backed securities. it will be better to put that money to the productive sector. all see you next week. ♪ melissa: i'm melissa francis, and here is to make "money" today. investors in u.s. trinity -- improve for the u.s. ten year. the yield fell ten basis points. you see that today. that is the lowest since last december, also making "money," boeing shareholders, a successful test flight was completed a short time ago. a test fix did -- testing this fix of the ion batteries. the largest gainer on the down not making noted -- money. most of them were fired. we are sorry about that. $200 million of government loans over the years. on the brink of bankruptcy.

not a good friday. even when they say it's not come it's always about "money." ♪ melissa: had a double whammy. the stock market and job market took a big hit. labor participation rate is at its lowest level since 1979. the last time we saw numbers like this the shot of iran was being overthrown in that price of gas was $0.63. in honor of that. ♪ >> welcome back, welcome back, welcome back. melissa: welcome back to the 70's, but seriously. he doesn't jobs added in the month of march, not even close to the estimate of 200,000, not

even close. your to break all the outcome "washington post" all this a terrible, horrible, no good, very bad jobs report. have you think they felt? economist extraordinary to me united adviser chief market strategist. thanks to both of you. thanks to both of you. peter, do you agree with "the washington post" their reign at this point in the country, that is absolutely abysmal. the president comes out and blames the sequester. that is just one third the size these taxes that we had in january, they're really having an impact in slowing the economy. melissa: quantitatively debunk that for me because the president blamed the sequestered for this. >> absolutely not. that was get for about 10,000 jobs, therefore we had 98,000 instead of 80,000. we need 400,000. not have too many numbers, but this economy is as low. it is not under water, but it is close to the ground as you can get. melissa: and investors did not

like it. added you feel? >> it was not good. i mean, you played that music. it is almost like welcome back to an economy that think is struggling to grow. we saw that in the recent gdp report's where we are not seeing the exponential growth. peter points out that we should be having it at this point. mostly it is scary. another thing that i did not like are the way to numbers. in zero. no growth whatsoever month over month. also, weakening died from of the fall, so not only are people not getting hired as much, they're not getting paid. melissa: the wage number was terrible, and the other thing was the number of people who was the number of people who have dropped out. that is what we are talking about, going down to what it was in 1979. half a million people said, forget it. i'm not even going to look anymore, it is not even worth it. there is no hope of me finding a

how bad is that? >> reporter: it is terrible, and happening at the book in the labor markets. foote's between 15 and 65, when they lose their jobs it will be more than a year on average before they get another one, and let at lower wages. they're running down their iras so that one decade from now we will have an army of indigent elderly, no retirement savings. the other in the labour force, the people that cannot get on the first-run are going back to school, taking mbas from guys like me. unfortunately they are borrowing $100,000 and $200,000, so they are going to be in debt for the rest of their lives. so it is really a terrible situation. melissa: funny you should say that. situation. liz: it is funny that you say that. making education cheaper, but what you're talking about, people dropping and. going from 77 to 76 because some people might pay that improvement as a step in the right direction. step in the right direction and

it is not good at all. scott, let me ask you, why do investors think that this is such a great thing. stockmarket investors are rooting for the economy to stay where it is. they don't want the fed to get out and stop the market and stop buying bonds. so as long as unemployment is above 6.5%, the fed stays in. so investors might like this. >> well, maybe, it has a pool of 6.5%. we have a couple million people who dropped out of the labor force. they will stop the stimulus. that is the scary thing. a real kind of detached worker, looking for full-time work, that number is still 14%.

>> the data is good for the fed standpoint. but it shows how disconnected they are from this economy. melissa: okay, talking with both of you, getting to add another story. president obama's new budget plan to release next week. it will target retirement accounts of rich and savvy investors. some say the white house did it on purpose to draw attention away from the terrible jobs report. i want to bring in rich edson. you said know jack. okay. so let's bring in rich right now. tell me, first of all, what do you think about that? a lot of people are talking about maybe it was released too early from this jobs report. have you heard that? >> i won't say that i have heard it, but we have the job numbers in the briefing this afternoon. so if that was a strategy, we did spend an awful lot of time

at the white house today talking about the budget. >> it sound like there is a proposal in their foreign investors who are doing well right now. >> if you look at what the white house is proposing, we can imagine that much of it when the budget comes out will mirror what the president has put out the last few years. we did get information on some new proposals that would be part of the budget. including the number of democrats that do not like it. some say it doesn't go far enough. it is changing the way that we are indexed for inflation. it limits the size of retirement accounts, 401ks, etc. we just asked, doesn't it punish good investors? here isn't the response i got. >> you know, sometimes it is a

few thousand dollars a year. we consider that a high-class problem. we should give tax incentives for people to make sure they can have a certain dignity in their retirement. if you're fortunate enough to be able to put that much away, that is terrific. we would hope more americans could have that type of opportunity. but we can't really decide that they really need special tax incentives that cost taxpayers higher taxes to pay for that. >> we don't have anything specific on it, but we can expect other proposals that the white house has been talking about. curbing tax deductions, oil companies, wealthier americans, limiting the value of the deductions for things like charitable deduction for mortgage interest be one okay, rich, i would like to layer in one person. jack, are you with us? >> i am.

melissa: okay, they are going to cap what you can save in your tax-free ira or 401k. if you are lucky enough to have that much, you are done. you are out. that is good. when you think about that? >> first of all, i will get pushback from people that say, i don't trust when i retire that money will still be tax-free. so to the extent that we chip away at these kind of benefits, it worries me that there is cynicism about whether this will be. that being said, this is to get people to save. melissa: that is a good thing. >> with the average savings of $25,000, you have to find tax revenue somewhere and we will cap it at 3 million. that makes sense to me.

melissa: peter, how much revenue are we talking about here? jack makes a good point. >> you raise a very important point. it reduces deductions for higher income families. disappearing down to 20% at 400,000. there really isn't a lot of money to raise these tax rates essentially. the same thing with us. this is mr. obama's name. trying to distract from the fact that he is going to give us another number. okay, the country is averaging 2.1% and ronald reagan's recovery after 42 months, and he had a higher unemployment rate starwave, it averaged 5.2%. we are seeing a desperate man

grasping to distract attention from failure. melissa: scott, what do you think? how do you feel about that? >> well, the fed is talking about these rates. if you're going to attack the economic job creators, intimidate investors, then peter doesn't like bowties. because that totally doesn't make sense. [laughter] melissa: rich edson, what is the likelihood that this happens? is this the opening salvo? or is this the real budget that could eventually happen? >> historically the president's budget is the opening salvo. the problem is it's two months late. the senate has art he passed a budget and traditionally, the house and senate will get together and compromise and pass one budget resolution. this is his input on this.

it is one that republicans would certainly like to pick apart. they are pushing to get the budget out there. it could have an effect on the process when democrats and republicans sit down and try to come up with one congressional budget in the house and senate budgets. but again, they are entirely different projects and it's tough to imagine to come up with one. melissa: all of you are fantastic. i hope that you have a wonderful weekend. we all know that peter does love bowties. [laughter] melissa: coming up next on "money", samoa air. charging passengers by their weight. this ceo joins me on why more airlines should be doing this. and a showdown between north and south korea. but couldn't handicap our economy?

we will be right back. more "money" coming up next my mantra?

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melissa: samoa air as the world's first first airline to

introduce ap by weight system. the price of your ticket depends upon how much you push the scale. but it is stirring up a lot of controversy and questions about how it works. i can tell you right now that i am not getting any scale at the airport. the ceo says it is the most efficient way of pricing tickets. he joins me now on the phone. chris, thank you for joining us. this has caused such a huge wave, as you know, there was an economist that came out after you already started doing this, saying that this is the way makes sense to charge people to fly on a plane. but there are some obvious tactical problems with this. for example, people don't like to talk about their weight. so how does it work in your case >> well, it's pretty simple. we asked the passenger who wants to travel with us, and we just asked them to give us their

weight and anything else that they want to tell you. and then the arithmetic is part of the product. melissa: okay, a very obvious question. we all lie about her weight. so i go to the doctor and ask me how much i weigh and i tell them. something -- i tell them something different. because clearly i'm going to be proven wrong about five seconds. but i can't help myself. other people are like me and they lie about how much they weigh. how do you deal with that? >> you'd be surprised. different prices in different reasons. melissa: du charged the more

they like you and they get on the plane? >> yes, we do. >> at the end of the day, wade is what it's all about. melissa: so you'd tell them to get on the scale and compared to what they say? >> yes, it is not easy. it only takes a second. >> some countries are a little bit more worried. >> are you saying that we are looking at video right now of people walking up and getting on the scale as they get on one of your flight. have people complain? you think you have discourage customers from flying on your airline because they don't want to be way before they get on the plane? >> i do not think so. the second time around, i guess

it is acquainting people with the concept that at the end of the day, we know the accurate way to be efficient. so there is a standard right for the airlines. it is all about how much it cost you to move in when you divide that by what you've got, that tells you on this basis. melissa: mathematically it makes sense. so we are looking at the plans, it matters how much people way. according to the world health organization, 55% over the age of 20 are considered obese. perhaps we are dealing with people that are larger on planes. using this concept is applicable when you're talking about large commercial parts and other parts of the world? >> yes, probably even more so.

everybody flies these days. and there is inconsistency. but the bottom line is that we have to charge by the pound and then we you provide the customer with what they want. so the seats are kind of limited. so it doesn't give us much room to move. >> it makes all kinds of practical sense. melissa: i am torn on this because i don't want to weigh myself at the counter. but i do pay full price tickets one for someone who weighs lighter than me or more than me. i could save some money for my kids, but i don't know about getting weight. thank you for coming on tonight. we appreciate your time. >> it is my pleasure be one

okay, here is our question of the day. should airlines charge ticket prices depending on a customers customer's weight? it is not surprising that we heard a lot of guesses and those from you guys. some say they should raise the average ticket price, but that is exactly the point. should someone else have to pay for someone who weighs twice as much? it takes more fuel to fly them. okay, that was fun. next, north korea has two loaded missile launchers hidden along the coast. the standoff continues and you may be surprised to hear how. plus, if you think you can't afford college, you'll you want to hear this. the growing trend of your school is offering rock-bottom prices. the founder of one of them is here. can you ever have too much money? @

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melissa: turning to the frightening standoff between north korea and south korea. north korea is hiding missiles and suggesting that foreign embassies evacuate. you may not realize the impact on us and our economy if things keep escalating. no question, it is scary. but this is a show about money, so we are breaking down the cost and how it does affect you personally. some of this could surprise you. welcome. chris, let me start with you. what do you think about this move that was reported today about north korea moving these medium-range missile launchers. moving in along the coast, it sounds very serious. is it serious? >> it is a pleasure to be with

you. thank you for having me. it is a very serious move. the long-range missile systems are intercontinental ballistic missile systems. so they are not quite as easy to set them up. they have a lesser range than their longer missile systems. that makes them a lot more difficult for us to know where they are and how to track them. from a military perspective, it makes a lot of sense to put these mobile systems out there. melissa: before anyone launches a single missile or anything happens, it is already creating an economic disruption. it could get worse. there is tremendous auto industry on the korean peninsula. apple has talked about having some problems and does this make manufacturers and companies

think about changing how and where they do business? >> yes, i think there are two basic scenarios. one is a crisis and you reach the point where there is some kind of life goes on thing. in 1994, the korean stock market had a crash. you can say that there was a stock market that youucouldn't have a more valuable relationship like that then we have lit south korea. i don't think there is a catastrophic disruption. unfortunately, we are skirting a fine line. melissa: okay, what do you think are the odds that this just calms down and goes away? we are looking at a younger and more experienced leader now who may be we cannot count on to

respond in a way that north korean leaders have in the past. >> that is a very good point. other than to say that they have a distinct nuclear capability. and one with medium-range rocket systems to cover the entire out korean peninsula. so i agree that there is a sense of déjà vu all over again. there seems to be something fundamentally different here and we have gone about it in a different way. it is more visible in terms of what is going on. they are making a big deal about it. i think they are trying to see how we react. melissa: when you are watching what is going on and you are feeling the tension and thinking about the possibilities and you rgm or apple have the choice of making products and say, look to the future to relocate, this at present, doesn't.

>> i think it absolutely does. >> here we all are today. the regime is still there. how dangerous does this go? and can you contain a state like this with a nuclear weapon. there will be costs imposed on south korea as well. melissa: why is it the public and even our government seems to take the north koreans a lot less serious. it is a very different tenor in conversation that is going on right now roundness versus when we talk about nuclear weapons. why is that? >> north korea is relatively isolated. this is sort of their standard. iran is actively engaged in terrorist organizations around the world.

the ratings are actively involved in actively making it worse. syria, lebanon, the iranians are the primary sponsor. so there is just a different flavor there. the koreans may just be posturing. melissa: a lot of people asked that question today. thank you both for coming on. time for today's fuel gauge report. oil futures have the worst week since last september. and settling at 9270 purveyor all. oil fell 4.6%. it is the exact opposite for natural gas. in closing out a seven straight week of gains, nasdaq closed at its highest level since early august of 2011. and chevron completed repairs of its richmond, california, oil refinery. a fire severely damaged it. you will remember that.

the plan puts out 240,000 barrels of crude per day. not a small amount. and coming up next from a new concept for higher education. giving high-priced colleges a run for their money. plus, kfc commits fried chicken sacrilege. piles of "money" and chicken coming out.. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them shous. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're livingonger, one thing that hasn't changed: the official retirement age. ♪

the question is how do you make sure you have the money you need to enjoy all of these years. ♪ very logical thinker. (laughs) i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. (screams) i'm really glad that girl stayed at home.

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melissa: it doesn't matter what time it is, money is always on the move and the money is for the good. aetna ceo, 2012 compensation come he got a 25% raise compared to 2011. $13.3 million. that is not bad. cheers went up about 9% over the past year. all right, so we talked about today's dismal job report and it brings up a reoccurring thing that we have here as to whether or not colleges even worth it these days. there is a growing trend to offer classes at bargain basement prices. this school in pittsburgh, my

guess will correct me if it's wrong, it is one example, charging as little as $395 a class with no additional fees for room and board. joining me is timothy cook, founder of the school and a former u.s. commissioner of education statistics. thanks to both of you. did i butcher the name of your school? >> no, i think you got it right. melissa: mommy tell you a little bit about it. you charge $395 per class and you don't offer a degree or an accreditation. you teach computer programming and carpentry and design. but you also have a class in organic agriculture. that makes me a little nervous. okay.

are people taking you seriously? >> yes, we have had impressive legislation and we have a waiting list for most of the classes we are offering. there is an increasing desire for students. a lot of are current students are actually students that have a college education and didn't learn quite what they wanted to. >> so you talk about an important theme, which is people that need a skill or a different type of skill in order to find a job. when they go to an employer and they say, yes, i do know how to program computers, i took this course. doesn't matter to the person that is hiring them that they got it from a school that doesn't offer a degree and is not accredited? >> it depends on the skill. it depends on the career. especially in the computer programming industry. there is a burgeoning movement of schools similar to ours that do not offer accreditation.

but it is really proving that you can do the work and that you have a substantial portfolio of experience to back it up. melissa: is that right? you buy this? >> yes, i buy it. i think there is a whole new movement. you know, did you take 60 credits, did you take 120 credits. i believe that one of the most important movements that will break the back of education is competency. this is where the proof is going to have to lie is with this and other schools like it, do employers by this? melissa: this is exactly the question i'm asking. if someone comes in and applies for a job. i see this school on their resume and i look it up online. and i see that they only charge 395 and they are not credited

and they don't have classrooms or a campus. i am going to doubt how skilled the worker is. so why would i give them the job? how would you address that? >> i think what we have is a conventional mindset about higher education. you put in the time, and therefore you know how to do something. well, that is not necessarily true. this is an example that we are looking for things -- like you really know how to do something and you can really do it. when you show up in an office -- melissa: you have to be hired to get to that point. how do you get employers over the hurdle for the people that come when they haven't heard of your school and you don't have a badge. how do you convince employers to take a risk of someone who is taking a course? >> a long-term goal is to offer

a full accredited program. we are talking about work at this point. this question can be addressed pretty readily by pointing to the portfolio of work. i talk to a student who graduated from a four year program. melissa: we have to go. we will keep on focusing on all of this because we have to address the cost of higher education. thank you to both of you. melissa: coming up, colonel sanders.

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melissa: all right, listen up, get ready. kfc is going boneless. the fast food chain made famous words on the bone chicken is rolling out its new original recipe moments. saying this is the biggest thing to happen since the chain was founded six years ago. but will it make or break their business. here is our marketing expert and author. peter, welcome to the show. >> it is great to be here. >> they change their name. they were kfc. >> it is about convenience over health. they are going in, they are quick, this isn't about sitting

down for a meal anymore. the fast food is doing well. things you can hold in one hand. we are looking at the kids in the millennial set are saying that eating and texting and tweeting, all of that. melissa: it is not about the fact that chewing off the bone and having the disgusting bone stuff is so unappetizing. >> you can't just -- you can't tweet and tied with greasy fingers. melissa: that is a good point. people are saying that the bucket would like their main thing. that was the thing. a mom goes and she gets a huge bucket of kentucky fried chicken and feeds the whole family, and there you go. >> you can still see the whole family. keep in mind,. melissa: the slogan is i ate the bone. which is kind of disgusting. >> that is kind of gross.

melissa: internet? i think they think it's going to be like where is the beef. melissa: that is a turbo idea. >> i love the concept of boneless chicken. but not that i ate the bone. >> okay, they are doing a little bit better. but they have been very battered. versus everyone else. the winners are subway and chipotle. so isn't that the main problem at kfc? >> kfc has never fought on the playing field is healthy. it is fried chicken. they are basically saying that we have a core audience that loves her food and we will make it easier to you. you leave something on the phone all the time.

>> that brings up a great point. they've also charge 25 cents a piece more finesse. when you think about that? >> yes, it actually cost more to deboning chicken. melissa: do you think people will mind that it's more expensive? >> no, i think it will be a concept of ease. how do you eat a piece of chicken as opposed to a burger? melissa: you don't see people driving down the street with the bone out of their mouth. you are wonderful. thank you for coming. we have your new book right here. it is featured on the screen. okay, meet the city's newest lawnmowers. we have it all in spare change.

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♪ melissa: it's time for a little fun with "spare change." monica crowley and dennis kneale. thank you for doing this. sunday is putting a new spin on

personal transportation. the egg-shaped e-for concept. the speed and direction are controlled by turning your body and tilting the base of the vehicle. it is designed to take on tight and congested then roads. does that seem safe? and don't know that i want to be in an egg. >> this is so dumb. and if you look at that, the roof of it acts as its own visor which really kind of brings back space balls. i mean, look at that. you could write it, but you'll never get a date again for the rest of your life. >> it is sort of uncool. but that pfizer is supposed to serve as a windshield. so it is a windshield. also supposed to protect you from bugs flying at you. the idea that you don't use your hands, are you going to beat sexting in driving? and your cell phone? >> from the most famous death on a segue, no steering wheel. the billionaire who bought it

was writing it around his mountain retreat in went off of the mountain and died. >> i did not know that. >> yes. interesting. so we will let's see you. nighter you're doing that. okay. me either. mowing lawns. oh, yes. the mayor of paris said added a group of a shaggy black sheep. the city has installed an electrified advance to prevent them from terrorizing the rest of paris. what do you think of this idea? >> the kind of like the concept. they're trying to go green. instead of lawn mowers the used fuel and gasoline, they have these. melissa: notices of their black sheep. >> not only cutting the grass but fertilizing it as well. melissa: is that a good thing? >> i'm sorry. terrible idea for three reasons. don't fool with mother nature.

sheep are flatulent and fill the and didn't cattle ranchers get in range wars with sheep farmers over the fact that they were running the cattle ranchers grazing back in the old west days? i believe so. they're going to eat too much grass. it will be overdone, and then you have to kill them. >> the symbolism of the black sheep. melissa: well -- >> just throwing that out there. melissa: that's right. i think the idea started cute and ends in disaster. keep an eye and it and see how it turns out. just as the baseball season begins america's favorite pastime is getting more and more expensive. the price for a family of four to go to a fan way for the boston red sox is $337. the most expensive game to see, including food, drink, and parking. the yankees are second, of course dusting families $324. the average price to take a

family of four major league ball game is $210. that is average. >> it does not really. we spend a lot of time here on fox business talking about the potential. the last couple of years, the fed has pumped trillions of dollars into the system. the things that we'll use every day from food to fuel to baseball tickets, you see the increase in the prices. you know, to take your kids to make use to be a fun day. hot dogs, soda. >> it costs this much because it can which means the event is worth it because there are people willing to pay it which is a good thing. the biggest increase in prices. the second-biggest was 19% from a year ago and washington. plenty of money. melissa: that is a good point. i love it. with so much new technology on a daily basis, it is not so easy to keep up. tom sullivan is not convinced that we need to. >> i hope i can keep up.

i am talking about tech gadgets. al of the latest tools and toys, but there are people like my mother-in-law who refuse to use an atm machine. sexting go into the bank and have a nice conversation with the teller. they still have to list? my wife and i made a pact to stay up-to-date with the latest technology. no way are we going to get behind the curve. it is hard. now there are rumors about the next iteration of the iphone whatever it is the next way that it will be where rubble. gadgets that keep track of your pace, heartbeat, wait, fitness. but is all of this going to make a difference? people that like to exercise will go running no matter the technology. lazy people will still be lazy. i commend all the companies trying to make a salty, but somehow, unless you are motivated, you will stay old